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Eastern Pacific confirms order for eight product tankers

The company is optimistic about the product sector and the long range two newbuildings with exhaust gas cleaning systems installed will put them in a good position to capitalise on the market

Asia Pacific Tankers and Gas

IMO 2020 brings cheer to product tanker market

Basic supply-demand balance has reached a tipping point in the product tanker market and IM0 2020 is just the icing on the cake, or perhaps several layers of icing on the cake, Stifel says

International Tankers and Gas

Tsakos Energy Navigation agrees product tanker charters

Double 36-month charter with anonymous oil major will generate a minimum of $33m in gross revenues

Energy Finance

Hafnia Tankers agrees merger with BW Tankers

Hafnia shareholders have to approve a merger plan that would give them common shares of par value $0.01 for each BW Tankers share

BW firms Products

Lloyd’s List Outlook 2019: Product tankers

Nascent recovery in product tanker market will be put to the test in 2019

International Annual Outlook

Norden successfully runs product tanker on biofuel

The shipowner completed a trip between Rotterdam and Tallinn on CO2-neutral biofuel without any problems

Fuels Environment

Diamond S agrees $1.65bn merger with Capital Product Partners

The new company will control 68 crude and product tankers and will be led by Diamond S’s management team

International United States

US-Mexico product tanker trade unfazed by new president

Tonne-mile demand for the shorthaul trade remains robust despite political events, especially for MR2 vessels

Mexico US States

Hafnia Tankers confirms BW merger talks to create product tanker giant

BW Group raised its stakeholding in Hafnia to 43.5% in July

Denmark Norway

Torm’s net losses widen on weak earnings

Danish owner remains a strong performer but is not immune from general spot market weakness

Denmark Tankers and Gas

McQuilling predicts lower earnings for most tanker trades in 2018

Weakest performer is forecast to be the Middle East Gulf-US Gulf VLCC trade amid rising US crude output

International Tankers and Gas

Product tankers find strength in Pacific but stay listless in Atlantic

Pacific MR basket rate stays above $10,000 per day while Atlantic trades are weak on both European and US Gulf fronts

Asia Pacific Europe
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